Burford Capital Balance Sheet Health
Financial Health criteria checks 3/6
Burford Capital has a total shareholder equity of $3.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are $6.3B and $3.0B respectively. Burford Capital's EBIT is $1.0B making its interest coverage ratio 8.1. It has cash and short-term investments of $649.8M.
Key information
54.4%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$649.82m |
| Equity | US$3.30b |
| Total liabilities | US$2.98b |
| Total assets | US$6.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9BFA's short term assets ($700.5M) exceed its short term liabilities ($41.3M).
Long Term Liabilities: 9BFA's short term assets ($700.5M) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: 9BFA's net debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: 9BFA's debt to equity ratio has increased from 42.8% to 54.4% over the past 5 years.
Debt Coverage: 9BFA's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 9BFA's interest payments on its debt are well covered by EBIT (8.1x coverage).